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Bussiness Location(s):

Bangalore

Company URL:

www.axissecurities.in

Company
Description :

Axis Securities Limited (ASL) is a subsidiary company of Axis Bank Ltd. Axis Capital Limited, from which the retail broking and sales businesses were demerged into Axis Securities Limited,was incorporated as UBL Sales Limited on December 6, 2005. The Company was renamed as Axis Sales Limited with effect from August 10, 2007, in alignment with the change in name of the Parent Company from UTI Bank to Axis Bank. The name of the Company further changed from Axis Sales Limited to Axis Securities and Sales Limited w.e.f. April 5, 2010, in view of the broking business proposed to be undertaken by the Company. The Company obtained the necessary approvals/registrations from the regulatory authorities including Securities and Exchange Board of India, National Stock Exchange of India Limited and Bombay Stock Exchange Limited for undertaking broking business on Stock Exchanges. The name of the Company was further changed to Axis Capital Limited with effect from September 28, 2012. Through a court approved process the retail stock broking business of Axis Capital Ltd was demerged and became a part of Axis Securities Limited on May 25, 2013.
ASL is presently engaged in providing broking services and distribution of financial products to retail customers. The Company has a wide range of products catered to meet the needs of the customer. Customers can open a single account to invest in Equities, Mutual Funds, SIPs, IPOs, Derivatives, Bonds, NCDs, ETFs and Company Fixed Deposits.
Customers can also avail other financial solutions through ASL such as – Home Loans, Auto Loans, Personal Loans, Loan Against Property, Loan Against Shares and Loans for SME, Credit and Prepaid Cards. ASL is engaged in the business of marketing and selling financial products of the Axis Bank Limited.
As of March 31, 2015, ASL has a well connected branch network of 72 branches across India.